With a claim settlement ratio of  98.31% 

LIC has the best claim settlement ratio in India 

  • India’s largest Insurance service provider: LIC currently has pan India operations with 2048 fully computerized branch offices, 8 zonal offices, around 113 divisional offices, 2,048 branches and 1381 satellite offices and corporate offices. The entire country is classified under 54 customer zones and 25 metro-area service hubs based across various cities and towns of India. Currently, LIC has 1,337,064 individual agents, 242 Corporate Agents, 89 Referral Agents, 98 Brokers and 42 Banks for selling life insurance to the general public.

  • Brand Image: LIC has a strong branding in India. Its tagline Yogakshemam Mahamyaham which means welfare for all is well recognized. The Economic Time Brand Equity Survey of the year 2015 voted LIC as the most trusted Insurance provider in India.

  • Fund Base: LIC has a huge found base of around 150 billion USD and is also India’s biggest investor making it immensely powerful in the domain of finance in India.

  • A network of Agents: LIC has around 1,337,064 individual agents, 242 Corporate Agents, 89 Referral Agents, 98 Brokers and 42 Banks across India who cover each nook and corner of the country.

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